Asking Price: $395,000 Gross Revenue: $2Cash Flow: $1 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Location, Location, Location!!
We are pleased to present that Creston Market, a trendy neighborhood store located in the highly desirable Creston Neighborhood, is available to purchase. This property is located just a few miles north of the Heart of the City of Grand Rapids and located in the Vibrant Creston neighborhood, which is home to many established and newly opened businesses.
Creston Market has a long history in the Creston Neighborhood and was recently renovated a few years ago with no expense spared. This corner store offers a wide variety of specialty coffee, craft beers, fresh produce and much more. To top it off they have a large wine cellar and just recently added liquor at the beginning of this year.
This corner store is without a doubt a landmark in the Creston Neighborhood and a turn key store just waiting for an energetic owner to take over.
Call us today to get more details.
*Owners will consider some owner financing, all depends on buyers qualifications and down payment. Call us today to fill out an NDA.
About the Business
Grand Rapids, Michigan
Lease Rates and Terms to be negotiated at time of offer. Please see agent for more details. Real Estate is possibly for sale as well, ask agent for details.
Creston Market has been apart of the vibrant Creston corridor dating back to 1876 and was recently remodeled in 2015. With much attention to detail and no expense spared the owners spent 6 months remodeling and started to feature a large variety of craft beers, large wine selections, custom blended coffee and much more.
Growth & Expansion:
The current owners as well as many other investors have been investing in the ongoing revitalization of the Creston neighborhood. With that said the owners haven't been able to give their full attention to Creston Market and are looking for an energetic buyer to come in and continue to grow and expand the business.
The owners have lots of ideas but no time to see them through due to their other business interests, they will be more than happy to pass these along to the new owner of this well known business.
Well Known Liquor Store in Vibrant Creston Corridor ( Grand Rapids, MI
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.